Europe firms at midday as oil eases, eurozone data stays solid, US futures turn mixed

S&P futures are up 0.0255% on the hour, Nasdaq futures are up 0.0314%, the US 10-year yield is 4.97, USD/JPY is 157.824, and WTI crude is 89.51 after a 1.1158% day drop.

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S&P 500 futures 0.0255% on the hourUS futures are holding a slight bid

Nasdaq futures 0.0314% on the hourTech futures are modestly firmer

US 10-year yield 4.97Rates are little changed after the eurozone data

WTI crude -1.1158% dayOil is extending its slide on diplomacy hopes

Lead: Europe is firmer at midday, with oil lower again and eurozone flash PMI confirming another solid month of activity. Session narrative: S&P futures and Nasdaq futures are slightly higher, while the ten-year yield is 4.97 and the dollar stays bid. European stocks are following the softer crude tone, but the PMI detail kept inflation pressure on the radar. Cross-asset check: WTI is 89.51, Brent is 95.11, EUR/USD is 1.1412, GBP/USD is 1.328, and USD/JPY is 157.824. Themes & continuing stories: US-Iran diplomacy remains the main crude driver, the eurozone growth pulse is resilient, and the ECB is still weighing hawkish inflation signals. What’s ahead: Zelenskyy meets Trump in New York, the SARB decision is later today, and Norges Bank is due Thursday.

Brief archive

Oct 09, 08:26 PM
Daily Wrap

Stocks gain into the close as VIX fades, yields hold high and oil stays firm

US equities finished higher on the session, with S&P 500 ETF up 0.6099% and Nasdaq 100 ETF up 0.5043%, while the VIX fell 3.8287%. The ten-year yield ended at 5.24 and the dollar index at 102.22. Gold rose 1.5155%, silver gained 2.6858% and copper added 2.1162%.

Europe firms at midday as oil eases, eurozone data stays solid, US futures turn mixed

Brief archive

Stocks gain into the close as VIX fades, yields hold high and oil stays firm

US midday: stocks firm, oil eases, but rates and geopolitics keep the tape tense

US pre-open: futures firm as yields stay high and gold leads the tape

Europe midday: futures firm, yields ease, oil slips on physical tanker strain

Asia close steadies as yields ease, oil slips and Europe opens firmer

Stocks mixed into the close as yields ease, oil jumps and the dollar slips

Midday: S&P futures softer as oil spikes, yields stay high and risk wobbles

US pre-open: futures softer as oil and yields stay elevated, Bailey flags fragile markets

Europe midday: equities softer, oil jumps, yields stay elevated as Fed minutes loom

Asia Wrap: Rupiah Lingers Near IDR 17,900 as Dollar Stays Strong

Stocks fade at the close as yields stay high, dollar firms and gold slips

Midday: stocks slip as yields, dollar and oil keep pressure on risk

US pre-open: futures ease as the ten-year yield, dollar and oil stay elevated

Europe midday: equities mixed, oil firm, yields elevated ahead of Fed minutes

Asia mixed into Europe open as oil extends gains and yields ease

US equities hold firm into the close while Russell lags, yields ease and energy stays bid

Midday: S&P futures hold gains as yields, dollar and oil stay in focus

Pre-open: futures firmer as yields ease and oil stays heavy